###American Express prestige Cards - How to Know If You Can Get American Express prestige Cards###

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American Express is determined to be one of the most difficult associates to apply a credit card account. However, getting an stylish account is very beneficial, considering all the perks that come with each card. There are any factors that you should take note of when applying for an Amex account. Here are some of them:
Your current credit score Your credit history Your employment status (working/student) Any current loans

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These factors interplay differently. Nevertheless, they all conduce to your application's opportunity of getting approved.

Your credit Score

When applying for an American Express credit card, it is important that you have a good credit score. The business very values this factor just like other credit companies. The Fico score, which was developed by the Fair Isaac Corporation, is the most oftentimes used scoring system.

The scores have a range of 300-850. Midpoint citizen get a rating within 600 to 700. Getting a higher score than this would be better. Most lenders, along with American Express, think Fico scores above 750 as good and are a sign of the applicant being in good financial health. However, having a score lower than 600 signifies high risk for Amex and can lead them to charging the applicant higher rates, or denying the application outright.

Your credit History

American Express would also likely check on your credit history. This is equally connected with your present score since this shows that you are to be trusted and responsible with paying your debts on time. Having a bad credit history, especially with cases of evasion, would absolutely slim down your chances of getting your Amex card approved.

Your Employment Status

Your status either you are working or not also matters. It is inherent for you to be stylish for a card even if you are a student. However, the card that you may get would probably have a lower credit limit. Nevertheless, having work would be a huge factor, especially if you have a high paying job.

Presence of Current Loans

Having a loan at the moment, such as mortgages, would negatively influence your application. This is especially true if you just had a asset repossessed. This indicates poor financial condition and can lead to disapproval of your Amex application.

Varied Category

American Express has distinct kinds of cards. Your approval would very depend on the type of card that you are applying. Generally, the Blue Cash account is the easiest to apply for, while their Gold Accounts would be the hardest to get.

American Express prestige Cards - How to Know If You Can Get American Express prestige Cards